Fiscal Balance in Argentina

Argentina Fiscal Balance | Economic News & Forecasts

Argentina - Fiscal Balance

Recently released data shows that the financial storm that hit the country in the second quarter, coupled with a prolonged drought, took a heavy toll on the economy. Economic activity contracted sharply in May, after a small drop in April, dragged down by plunging agricultural output. This also affected the labor market, which saw the number of employees fall in April–May, and weighed heavily on consumer confidence in Q2. In an effort to reduce the fiscal deficit—one of the goals of the stand-by arrangement reached with the IMF in June—the government announced it will gradually raise public transport tariffs in the Buenos Aires metropolitan area. Moreover, the federal housing plan will be discontinued, and capital spending will be cut.

Argentina - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)-1.9  -2.4  -3.9  -5.9  -6.0  

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Argentina Facts

ValueChangeDate
Bond Yield6.690.15 %Dec 17
Exchange Rate29.750.45 %Aug 15
Stock Market27,0082.26 %Aug 15

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